Brian Zachman has been named president of global risk management at Bunge Ltd., effective Jan. 14. He has also been appointed to the executive leadership committee.
“Brian is an experienced risk manager with extensive knowledge of the agricultural commodity value chain, including handling transportation, processing and distribution of oilseeds, oilseed products and grains,” said Kathleen Hyle, chair of the Bunge board. “His proven leadership and record of delivering risk-adjusted returns will further strengthen Bunge’s risk management capability, which is a key priority for the company.”
Zachman has held portfolio management positions focused on agricultural commodity derivatives since 2012, most recently with Millennium Limited Partners. He previously worked at Bunge from 1999-2012, serving a number of commercial and trading roles within agribusiness. Prior to that, he held various commercial and merchant roles with Cargill and Conagra.
Zachman has a bachelor of arts degree in economics from the University Minnesota-Duluth and will be based in White Plains, New York, U.S.
By Holly Demaree-Saddler
Source: World Grain
Coca-Cola is unveiling a fully plant-based PET (bPET) bottle prototype, excluding the cap and label. The beverage giant has produced a limited run of 900 bottles, confirming the prototypes are recyclable within existing recycling infrastructures, alongside PET from oil-based sources.
McDonald’s and Starbucks are committing an additional US$10 million to the NextGen Consortium, an initiative aiming to improve environmental sustainability standards in the foodservice industry. Founded by investment firm Closed Loop Partners, the Consortium is investigating methods of advancing the design, commercialization and recovery of packaging materials.
Hortifrut is purchasing Atlantic Blue for US$280 million. Atlantic Blue is a key player in the growing and marketing of berries in Europe and Northern Africa, based in Huelva, Spain. The transaction will allow Hortifrut to expand its growing area by about 20% and consolidate its position as the largest fresh blueberry platform in Europe and the UK.